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trading is risky and requires a deep understander of the financial

markets.

Outside of traditional financial institutions, some people also work as ♠ independent cambistas. Often called "black market" or'street' changeres! These individually usuallly operate In countriES with astrict currency exchange comcontrolS; where ♠ there is A significant difference rebetweenthe doficial and blackmarkeexChangel rates?They buys frerecciem from travelersa OR Buzinesseisat à lower RaTE And ♠ sell to m dett - higher britte", making for profit With it spread: Howver que ethi primeiro (type das reactivity ♠ Is thattens leillegal & can

result in severe

penalties.

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